KBR, Inc. (NYSE:KBR) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC grew its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,611 shares of the construction company's stock after purchasing an additional 6,324 shares during the period. MetLife Investment Management LLC owned 0.06% of KBR worth $4,380,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KBR. UMB Bank n.a. raised its stake in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares during the period. CIBC Asset Management Inc raised its position in shares of KBR by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after purchasing an additional 203 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of KBR by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after purchasing an additional 360 shares during the last quarter. Guggenheim Capital LLC boosted its position in KBR by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock valued at $570,000 after purchasing an additional 394 shares during the period. Finally, Mariner LLC grew its stake in KBR by 8.7% during the 4th quarter. Mariner LLC now owns 5,227 shares of the construction company's stock worth $303,000 after buying an additional 420 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KBR shares. The Goldman Sachs Group cut their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. KeyCorp decreased their target price on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, KBR presently has an average rating of "Moderate Buy" and a consensus target price of $71.13.

KBR Stock Up 3.4 %

Shares of KBR stock opened at $53.52 on Friday. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The business's fifty day moving average is $50.20 and its 200-day moving average is $57.20. The stock has a market cap of $6.94 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. Equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a $0.165 dividend. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.23%. KBR's payout ratio is 23.57%.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.11% of the stock is owned by corporate insiders.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.

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